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Bob0847
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how do i get 365 days instead of 360 days when computing commercial loans?

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HP12C

i have an HP12C and since all commercial loans are based on a 365 day year - how do i switch from the 360 day year on my calculator?

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Maké
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Hi!, @Bob0847 :

365 days.PNG

From ... https://support.hp.com/lv-en/document/c01773002

Kind Regards !.
Have a nice day !.
@Maké (Technical Advisor Premium - HP Program Top Contributor).
Provost in HP Spanish Public Forum ... https://h30467.www3.hp.com/
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Bob0847
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My problem is -

i am getting a loan for $3.1M at 4.45% on a 20 year amortization with a 10 year balloon.  My HP12C says the monthly payment is $19,528.56 and the balloon payment will be $1,888,687.22, however, the bank computes a monthly payment of $19,631.89 and their balloon payment at the end of 10 years is $1,913,969.94.  The bank says the difference is my HP12C uses a 360 day year and the bank uses a 365 day year.  My question is how do I get the same numbers they get?

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Maké
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Hi!, @Bob0847 :

Check if you can solve your problem, from ... http://h10032.www1.hp.com/ctg/Manual/c00367122.pdf

Kind Regards !.
Have a nice day !.
@Maké (Technical Advisor Premium - HP Program Top Contributor).
Provost in HP Spanish Public Forum ... https://h30467.www3.hp.com/
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